Aviation Week publishes “Back to the Future”, a commentary by Steve Grundman about the proposed merger of United Technologies and Raytheon and what it tells us about the aerospace industry
Writing in the Up Front column of Aviation Week & Space Technology, Steve Grundman explains how the announced merger confirms a sharp change in our outlook on both the defense and civil airliner markets and establishes a bellwether of new corporate-development trends we may see unfolding in the future. The essay concludes, “The UTC-Raytheon merger is a salutary throwback to an era before 1993 when the capabilities and assets of commercial aerospace and defense firms were combined under iconic brands . . . and expresses a back-to-the-future story line to reintegrate our industry and reclaim the financial, technological and economic synergies that a more diversified portfolio can exploit.”
Leave a Reply